{"slug":"wec-energy-group","name":"WEC 에너지 그룹","name_en":"WEC Energy Group","ticker":"WEC","updated_at":"2026-09-23T08:23:24.849666+00:00","canonical":"https://valuechain.wiki/wec-energy-group","citable":"밸류체인 그래프 기준 WEC 에너지 그룹의 직접 연결 기업은 3곳(관계 기준 공급 1·매출 2)이고, 사슬을 2차까지 넓히면 35곳에 닿는다. 링크의 근거 출처는 5건이며 그중 1차공시가 3건이다 (valuechain.wiki, 2026-09-23 기준).","citable_en":"Per the valuechain.wiki graph, WEC Energy Group is directly linked to 3 companies (1 supply, 2 revenue relationships) and reaches 35 companies within two hops; the links are backed by 5 dated sources, 3 of them primary filings (as of 2026-09-23).","kicker":"중서부 전력·가스 유틸리티","kicker_en":"Midwest electric and gas utility","lead":"WEC 에너지 그룹은 미국 중서부 4개 주에서 전력과 천연가스를 판매하고, 별도 인프라 사업에서 장기 계약으로 재생에너지를 공급한다. 발전 연료와 시장 전력을 조달하고 원전 전력구매계약을 맺으며, 송전망과 발전 자산에 자본을 투입한다.","lead_en":"WEC Energy Group sells electricity and natural gas across four Midwestern states and supplies renewable power under long-term contracts through its infrastructure business. It procures generation fuel and market power, enters into nuclear power purchase agreements, and invests capital in transmission and generation assets.","categories":[{"key":"regulated-grid-utilities","ko":"규제 유틸리티·전력망 운영","en":"Regulated Utilities & Grid Operators","theme":"power-grid","theme_ko":"전력·그리드","theme_en":"Power & Grid","theme_kind":"chain","primary":true}],"segments":{"parts":[{"name":"위스콘신","note":"전력 및 천연가스 유틸리티"},{"name":"일리노이","note":"천연가스 유틸리티"},{"name":"기타 주","note":"미네소타 및 미시간 천연가스 유틸리티"},{"name":"전력 송전","note":"American Transmission Company 지분법 투자"},{"name":"비유틸리티 에너지 인프라","note":"재생에너지 발전, 발전소 임대 및 가스 저장"},{"name":"본사 및 기타","note":"지주회사 및 기타 활동"}],"total":"98억 10만 달러(FY2025 총매출, SEC 10-K XBRL)","track":"C"},"segments_en":{"parts":[{"name":"Wisconsin","note":"Electric and natural gas utilities"},{"name":"Illinois","note":"Natural gas utilities"},{"name":"Other States","note":"Minnesota and Michigan natural gas utilities"},{"name":"Electric 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It is +3.1% in 2026. Demand side (avg -1.2%), the stock (+3.1%) and supply side (avg +6.2%) are moving in step. Propagation has completed a lap, so the next leg depends on individual results more than chain direction. Among connected nodes the furthest ahead is NextEra Energy (+6.2%) and the furthest behind is Meta Platforms (-6.4%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. It procures generation fuel and market power, enters into nuclear power purchase agreements, and invests capital in transmission and generation assets.","analysis_asof":"2026-09-04"},"edges":[{"direction":"investment","counterparty":"American Transmission Company","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2026-02-20","basis":"2025년 12월 31일 American Transmission Company 지분법 투자 장부금액","value":2256900000,"period":"FY2025 year-end","basis_en":"Carrying value of the equity-method investment in American Transmission Company at December 31, 2025","qualifier":null},"note":"WEC는 규제 송전회사 American Transmission Company의 지분 약 60%를 보유하고 지분법으로 회계 처리한다. 2025년 말 이 투자 장부금액은 22억5,690만 달러였다.","note_en":"WEC owns approximately 60% of regulated transmission company American Transmission Company and accounts for the holding under the equity method. The investment's carrying value was $2.2569 billion at year-end 2025.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-20","url":"https://www.sec.gov/Archives/edgar/data/783325/000078332526000018/wec-20251231.htm","title":"WEC 에너지 그룹 2025 회계연도 Form 10-K","title_en":"WEC Energy Group FY2025 Form 10-K","excerpt":"2025년 말 WEC의 ATC 지분법 투자 장부금액은 22억5,690만 달러였다.","excerpt_en":"our equity investment in ATC was $2,256.9 million"},{"stance":"confirms","publisher":"모닝스타","publisher_en":"Morningstar","kind":"research","lang":"en","published_at":"2025-01-22","url":"https://marketing.morningstar.com/content/cs-assets/v3/assets/blt9415ea4cc4157833/blt4c2de3e4d0ee71cf/680a4c0d028d2e05f108f4cb/2025_Utilities_Outlook.pdf","title":"2025 유틸리티 전망: 정상화로 돌아가는가?","title_en":"Utilities 2025 Outlook: Back to Normal?","excerpt":"모닝스타는 WEC의 2028년까지 260억 달러 투자계획에 American Transmission 투자가 포함된다고 분석했다.","excerpt_en":"We expect the company to invest $26 billion of capital through 2028, which includes its investment in American Transmission."}]},{"direction":"cost","counterparty":"NextEra Energy","counterparty_slug":"nextera-energy","confidence":"high","metric":{"type":"share","unit":"percent","as_of":"2026-08-14","basis":"Point Beach 원전 1·2호기별 용량·전력·부가서비스·환경속성 구매 비중","value":86,"period":"Unit 1: 2030-10-06 to 2050-10-05; Unit 2: 2033-03-09 to 2053-03-08","basis_en":"Share of each Point Beach unit's capacity, energy, ancillary services, and environmental attributes to be purchased","qualifier":"subject_to_regulatory_approval"},"note":"WEC 자회사 WEPCO는 NextEra Energy Point Beach와 Point Beach 원전 1·2호기의 전력구매계약을 체결했다. 규제 승인을 받으면 각 호기의 용량·전력·부가서비스·환경속성 86%를 20년간 구매한다.","note_en":"WEC subsidiary WEPCO entered into a power purchase agreement with NextEra Energy Point Beach. Subject to regulatory approval, it will buy 86% of each Point Beach unit's capacity, energy, ancillary services, and environmental attributes for 20 years.","sources":[{"stance":"confirms","publisher":"매일경제","publisher_en":"Maeil Business Newspaper","kind":"news","lang":"ko","published_at":"2026-09-05","url":"https://www.mk.co.kr/news/stock/12144961","title":"WEC 에너지, 2026년 EPS 5.56달러 전망·7~8% 장기성장 제시","title_en":"WEC Energy Forecasts $5.56 EPS for 2026 and 7% to 8% Long-Term Growth","excerpt":"WEC는 넥스트에라와 포인트비치 원전 PPA를 두 호기별로 20년 연장하고 규제 승인을 신청했다.","excerpt_en":"WEC agreed with NextEra to extend the Point Beach nuclear power purchase agreement for 20 years for each unit and applied for regulatory approval."},{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-08-18","url":"https://www.sec.gov/Archives/edgar/data/107815/000078332526000095/wec-20260814.htm","title":"WEC 에너지 그룹 Form 8-K: Point Beach 전력구매계약","title_en":"WEC Energy Group Form 8-K: Point Beach Power Purchase Agreement","excerpt":"WEPCO는 Point Beach 1·2호기 각각의 용량과 전력 등 86%를 구매하는 PPA를 체결했다.","excerpt_en":"WEPCO entered into a Power Purchase Agreement ... to purchase 86% ... of each of Unit 1 and Unit 2"}]},{"direction":"revenue","counterparty":"메타 플랫폼스","counterparty_slug":"meta","confidence":"high","metric":{"type":"contract_term","unit":"years","as_of":"2025-12-05","basis":"Jayhawk 풍력발전의 메타 플랫폼스 오프테이크 계약 기간","value":10,"period":"from commercial operation on 2021-12-15","basis_en":"Term of the Meta Platforms offtake agreement for Jayhawk Wind Farm","qualifier":null},"note":"메타 플랫폼스는 Jayhawk 풍력발전의 10년 장기 전력 구매자다. WEC는 이 프로젝트의 지분 90%와 세제혜택 99%를 보유한다.","note_en":"Meta Platforms is the 10-year power offtaker for the Jayhawk wind project. WEC owns 90% of the project and 99% of its tax benefits.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2025-12-05","url":"https://www.sec.gov/Archives/edgar/data/783325/000078332525000068/a122025decemberfinal.htm","title":"WEC 에너지 그룹 투자자 업데이트: 2025년 12월","title_en":"WEC Energy Group Investor Update: December 2025","excerpt":"Jayhawk 풍력발전은 메타 플랫폼스와 10년 오프테이크 계약을 맺었다.","excerpt_en":"Jayhawk Wind Farm ... Meta Platforms Inc. - 10 years"}]},{"direction":"revenue","counterparty":"마이크로소프트","counterparty_slug":"microsoft","confidence":"high","metric":{"type":"count","unit":"projects","as_of":"2025-12-05","basis":"마이크로소프트 오프테이크 계약이 확인된 WEC 발전 프로젝트 수: Sapphire Sky와 Hardin III","value":2,"period":"as of 2025-12-05","basis_en":"WEC generation projects with disclosed Microsoft offtake agreements: Sapphire Sky and Hardin III","qualifier":null},"note":"마이크로소프트는 Sapphire Sky 풍력발전과 Hardin III 태양광발전의 장기 전력 구매자다. 두 계약은 WEC의 비유틸리티 에너지 인프라 사업에 장기 매출 기반을 제공한다.","note_en":"Microsoft is the long-term power offtaker for the Sapphire Sky wind project and the Hardin III solar project. The two contracts provide long-duration revenue support for WEC's non-utility energy infrastructure business.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2025-12-05","url":"https://www.sec.gov/Archives/edgar/data/783325/000078332525000068/a122025decemberfinal.htm","title":"WEC 에너지 그룹 투자자 업데이트: 2025년 12월","title_en":"WEC Energy Group Investor Update: December 2025","excerpt":"Sapphire Sky는 12년, Hardin III는 15년 동안 마이크로소프트와 오프테이크 계약을 맺었다.","excerpt_en":"Sapphire Sky ... Microsoft Corp - 12 years ... Hardin Solar III ... Microsoft Corp - 15 years"}]},{"direction":"cost","counterparty":"Midcontinent Independent System Operator (MISO)","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2026-02-20","basis":"MISO 전력시장에서 조달한 전력의 상대별 연간 금액","value":null,"period":"FY2025","basis_en":"Annual counterparty-specific value of electricity procured through MISO Energy Markets","qualifier":"confirmed_no_disclosed_value"},"note":"WEC의 전력 유틸리티는 MISO의 하루전시장과 실시간시장에 발전량을 입찰하고 소매·도매 고객에게 공급할 전력을 조달한다. 시간별 순매입은 매출원가의 구입전력으로 인식된다.","note_en":"WEC's electric utilities bid generation into MISO's day-ahead and real-time markets and procure power for retail and wholesale customers. Hourly net purchases are recorded as purchased power in cost of sales.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-20","url":"https://www.sec.gov/Archives/edgar/data/783325/000078332526000018/wec-20251231.htm","title":"WEC 에너지 그룹 2025 회계연도 Form 10-K","title_en":"WEC Energy Group FY2025 Form 10-K","excerpt":"WEC는 MISO 시장가격으로 소매·도매 고객용 전력을 조달한다.","excerpt_en":"procure electricity for our retail and wholesale customers at prices determined by the MISO Energy Markets"}]}]}